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Mastercard (MA) Operating Expenses (2016 - 2025)

Mastercard (MA) has disclosed Operating Expenses for 17 consecutive years, with $3.9 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 9.72% year-over-year to $3.9 billion, compared with a TTM value of $13.9 billion through Dec 2025, up 10.4%, and an annual FY2025 reading of $13.9 billion, up 10.4% over the prior year.
  • Operating Expenses was $3.9 billion for Q4 2025 at Mastercard, up from $3.5 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $3.9 billion in Q4 2025 and bottomed at $2.0 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $2.8 billion, with a median of $2.7 billion recorded in 2022.
  • The sharpest move saw Operating Expenses skyrocketed 34.34% in 2021, then rose 1.7% in 2023.
  • Year by year, Operating Expenses stood at $2.4 billion in 2021, then grew by 10.21% to $2.6 billion in 2022, then rose by 20.62% to $3.2 billion in 2023, then grew by 11.81% to $3.6 billion in 2024, then rose by 9.72% to $3.9 billion in 2025.
  • Business Quant data shows Operating Expenses for MA at $3.9 billion in Q4 2025, $3.5 billion in Q3 2025, and $3.4 billion in Q2 2025.